10-8. (Payback period calculations) You are considering three independent projects: project A, project B, and project C. Given the following free cash flow information, calculate the payback period for each. PROJECT A PROJECT B PROJECT C Initial outlay -$1,000 -$10,000 -$5,000 Inflow year 1 600 5,000 1,000 Inflow year 2 300 3,000 1,000 Inflow year 3 200 3,000 2,000 Inflow year 4 100 3,000 2,000 Inflow year 5 500 3,000 2,000 If you require a 3-year payback before an investment can be accepted, which project(s) . would be accepted